Shadow Financial Systems Enhances Repo Processing and Settlement

Shadow Financial Systems, developers of the ShadowSuite global securities processing, reconciliation, clearing, treasury and accounting system, has enhanced its repo functionality. Available as a standalone module or fully integrated with the ShadowSuite enterprise system, this new functionality gives organisations a front-to-back office solution that provides greater efficiency while allowing users the ability to perform mid-life events, such as, modifying financing rates, collateral prices or applying manual interest adjustments on a daily basis throughout the transaction life cycle.

Organisations that have been grappling with increased volume and manual trade processing practices can reduce operational risk and increase efficiencies through fully automated repo transactions. ShadowSuite’s new features deliver maximum flexibility by enabling users the ability to configure the system as deemed appropriate to fit their business model.

“Historically, there has been a significant gap between the dealing desk and the back office caused by the inability or difficulty of integrating the current repo dealing systems with the back office to automate the settlement and reconciliation process. Our approach of tightly coupling our repo dealing system to our core settlement and bookkeeping platform allows for very efficient management of collateral and significantly reduces errors and fails,” said Donald Marino, chief executive officer (CEO) of Shadow Financial Systems. “Thanks to our new product enhancements, for the very first time, organisations have the ability to book a deal as dealt, track the comparison and netting status and instruct settlement without any manual intervention. Settlements are automatically booked updating collateral in real-time.”


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